The report intends to provide an in-depth analysis on the applications of Internet of Things (IoT). It has been found that over the last few years IoT has become one of the popular weapons to connect the physical world with the virtual one with the help of sensors. In this report, the applications of IoT has been discussed in the context of Zenith Consulting Services (ZCS), a Melbourne based research and development organisation that provides innovative products and services to the healthcare, manufacturing and production companies. The organisation has initiated to develop some IoT based applications that can improve the quality of healthcare services within the next 5 to 10 years. Moreover, the managers of this company has identified that concentration on the healthcare industry can improve its brand value and also offer good return.
Based on the research, the managers of ZCS has identified that the requirement of real time monitoring of the patients for the caregivers. Hence, the organisation will develop wearable like moodables that can improve the performance of brain. In addition, the devices such as healthcare chart or physical rate measurement instrument can also help the doctors to provide the best possible treatments to the patients within the short span of tome. Discussion in the report has revealed that implementation of IoT based devices can reduce the wastage of time and also minimise the errors. However, the managers of the healthcare organisations are required to be conscious about protecting the privacy of the patient’s information and security of the data related to the treatment process while dealing with the IoT based applications in the healthcare.
Zenith Consulting Services (ZCS) is a Melbourne based research and development organisation that is engaged in offering innovative solutions to the most reputed healthcare, manufacturing and production companies across the world. ZCS has been set up by two management graduates from Harvard Business School, Neil Wagner and Michel Santier. Since its inception, ZCS has been able to expand its business at a rapid rate in the both local and global market. At present, the organisation has been operating with its 24 branches in Australia and 10 other branches located in New Zealand, UK and USA. It has employee strength of about 4500. Based on the recent figures, ZCS has recorded a turnover of 3.2 million AUD in the financial year ended on 2015.
The mission of the organisation is to offer the most pioneering solution to its client. For achieving this goal, the management of the company has created an organisational culture that encourages all the staff to think out of the box. With this organisational culture, all the employees are allowed to share their views and suggest something new to the management. In the last few years, the organisation has been facing stiff competition from the companies like Supernova Consulting Services, DHB Consulting Services and Ricera Consulting Services that operate in the same domain. Hence, the management of ZCS has emphasised on continuous innovation for maintaining its sustainability. In order to achieve competitive goals through innovation, ZCS has invested a significant portion of its profits in the research and development (R&D). The managers of R&D division of the organisation have identified the importance of incorporating Internet of Things (IoT) into their products and services. Most importantly, the managers of this section have recognised that within the next few years IoT will dominate every sectors of the society.